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What it Might Take to Get a Customer Complaint Expunged

To the dismay of financial advisors across the country, FINRA has taken notice of the public’s negative association with expungement of customer complaints from central registration depository (“CRD”) records.  As a result, the standards a financial advisor must meet to convince a FINRA arbitrator to recommend expungement of a customer complaint from their record have […]

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Column: “FINRA’s Proposed Changes to Broker Expungement” – As seen on

On December 11, 2013, ran Patrick Mahoney’s latest editorial,  FINRA’S Proposed Changes to the Broker Expungement Process, as part of his periodic column, The Legal Rep.  A link to the article is available HERE.   The article’s content is available below: In April 2012, FINRA released Regulatory Notice 12-18, which features FINRA’s proposed overhaul of […]

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Column:”Petty Crimes on Broker Records – Can they be Expunged?” – As seen in

On November 22, 2013, ran Patrick Mahoney’s editorial Petty Crimes on Broker Records – Can they be Expunged?.  A link to the article is available HERE.   The article’s content is available below: FINRA rules require brokers to make extensive and often intrusive disclosures (vis-à-vis a broker’s Central Registration Depository (“CRD”) record) concerning their work and disciplinary […]

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The Broker’s “Odds” of Earning Expungement

The first question brokers ask when contemplating whether or not to pursue expungement of an investor complaint from their publicly available Central Registration Depository (“CRD”) record is almost always, “What are the odds that I earn expungement?” Unfortunately, the answer to this question is an uninspiring, “It depends.” To contemplate why “it depends,” brokers must […]

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FINRA Stock Broker Expungement –A flawed system of unavoidable conflict between investor, broker, and broker-dealer.

When an investor files a complaint against his or her stock broker and/or broker-dealer, the broker-dealer must disclose the allegations made in the complaint on the underlying stock broker’s Central Registration Depository (“CRD”) record.  These disclosures almost always become publicly available via FINRA’s BrokerCheck (” FINRA BrokerCheck“) system—an online database that provides information about current and […]

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Patrick Mahoney to present before the San Diego County Bar Association

On May 20, 2013 at 12:00 p.m. I will be a featured speaker at the Annual Securities Law Update before the San Diego County Bar Association.  The title of my presentation is “Stock Broker Expungement – An Unknown Remedy.”  Please follow the link below and sign up.  If you can’t make it to downtown San Diego, the […]

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